Sec. 5. STUDY BY THE COMPTROLLER GENERAL ON THE ROLE OF THE BANK IN THE WORLD ECONOMY AND THE BANK’S RISK MANAGEMENT
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## SEC. 5 STUDY BY THE COMPTROLLER GENERAL ON THE ROLE OF THE BANK IN THE WORLD ECONOMY AND THE BANK’S RISK MANAGEMENT ###
(a)In General Within 10 months after the date of the enactment of this Act, the Comptroller General of the United States shall complete and submit to the Export-Import Bank of the United States, the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report which— ####
(1)evaluates— #####
(A)the history of the rate of growth of the Bank, and its causes, with specific consideration given to— ######
(i)the capital market conditions for export financing; ######
(ii)increased competition from foreign export credit agencies; ######
(iii)the rate of growth of the Bank from 2008 to the present; #####
(B)the effectiveness of the Bank’s risk management, including— ######
(i)potential for losses from each of the products offered by the Bank; and ######
(ii)the overall risk of the Bank’s portfolio, taking into account— ######
(I)market risk; ######
(II)credit risk; ######
(III)political risk; ######
(IV)industry-concentration risk; ######
(V)geographic-concentration risk; ######
(VI)obligor-concentration risk; and ######
(VII)foreign-currency risk; #####
(C)the Bank’s use of historical default and recovery rates to calculate future program costs, taking into consideration cost estimates determined under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.) and whether discount rates applied to cost estimates should reflect the risks described in subparagraph (B); #####
(D)the fees charged by the Bank for the products the Bank offers, whether the Bank’s fees properly reflect the risks described in subparagraph (B), and how the fees are affected by United States participation in international agreements; and #####
(E)whether the Bank’s loan loss reserves policy is sufficient to cover the risks described in subparagraph (B); and ####
(2)makes appropriate recommendations with respect to the matters so evaluated. ###
(b)Recommendations and Report by the Bank Not later than 120 days after the Bank receives the report, the Bank shall submit to the Congress a report on the implementation of recommendations included in the report so received. If the Bank does not adopt the recommendations, the Bank shall include in its report an explanation of why the Bank has not done so.
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Sec. 5
STUDY BY THE COMPTROLLER GENERAL ON THE ROLE OF THE BANK IN THE WORLD ECONOMY AND THE BANK’S RISK MANAGEMENT
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